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Technology Stocks : Impossible Foods and Beyond

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From: Ron	8/5/2022 9:55:48 AM
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Beyond Meat Inc. reported another rough quarter Thursday, leading to announced layoffs that underscore a bleak outlook from Wall Street. A drop in revenue and lowered forecast mirrored a recent harsh assessment from JP Morgan analysts, sizing up Beyond’s star-crossed relationship with McDonald’s Corp. MCD, -0.64%, among other factors. The maker of plant-based meat products posted a net loss of $97.1 million, or $1.53 a share, compared with a net loss of $19.7 million, or 31 cents a share, in the same quarter a year ago. Net revenue, at $147 million, declined 1.6% from $149.4 million last year. Analysts polled by FactSet expected a net loss of $1.28 a share on revenue of $149.2 million. marketwatch.com ...stock moving up this morning...

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